Chinese economy is currently undergoing a subtle change due to the substantial depreciation of RMB since the mid of February and last year's gain in RMB exchange rate is now gone. ANBOUND research team thinks that the persistent depreciation of RMB is a comprehensive reflection that the interest of overseas capital towards China’s investment and interest arbitrage is weakening. The mutual potential risks in real economy, real estate, financial industry as well as government finance become China’s top priority to tackle the economic crisis by saving its real economy.